SunTrust Robinson Believes Kraton (NYSE: KRA) Won’t Stop Here

By Carrie Williams

In a report released yesterday, Jason Freuchtel from SunTrust Robinson reiterated a Buy rating on Kraton (NYSE: KRA), with a price target of $55. The company’s shares opened today at $40.90, close to its 52-week high of $42.26.

According to TipRanks.com, Freuchtel is a 4-star analyst with an average return of 13.9% and a 70.7% success rate. Freuchtel covers the Consumer Goods sector, focusing on stocks such as Berry Plastics, Bemis Company, and Polyone Corp.

Kraton has an analyst consensus of Moderate Buy, with a price target consensus of $55.

The company has a one-year high of $42.26 and a one-year low of $24.95. Currently, Kraton has an average volume of 248.2K.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.

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Kraton Corp. is a chemicals company, engages in the manufacture and market of styrenic block copolymers and other engineered polymers. The polymers are used in applications including adhesives, coatings, consumer and personal care products, sealants, lubricants, medical, packaging, automotive, paving, roofing, and footwear products under the Kraton, CariflexTM and NEXARTM brands. The company was founded on February 28, 2001 and is headquartered in Houston, TX.